The latest S&P/Case-Shiller indices for the month of April show that average home prices increased 1.3% for both the 10- and 20- composite...
"What people are looking at is two things: what are my month-to-month costs in terms of owning versus renting and then what I look at a house price to do if they do go ahead and buy that asset," Gary Painter, director of research with the University of Southern California Lusk Center for Real Estate, tells GlobeSt.com.
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